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XGS Energy and Meta Announce Agreement on Advanced Geothermal Project in New Mexico

LCG, June 13, 2025--XGS Energy, Inc. (XGS) and Meta Platforms, Inc (Meta) yesterday announced an agreement to support the development of a next-generation, geothermal energy project that will provide clean power to Meta’s data centers in New Mexico.

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AES Announces Construction Complete on 1,000-MW, Solar-Plus-Storage Project in California

LCG, June 11, 2025--The AES Corporation (AES) announced today that it has completed construction of the 1,000 MW Bellefield 1 project, which is under a 15-year contract with Amazon. Bellefield is a two-phase project, with each phase including 500 MW of solar plus 500 MW of a four-hour, battery energy storage system (BESS). When Phase II is completed in 2026, the total installed capacity will be 2,000 MW, and AES expects the total project will be the largest solar-plus-storage facility in the United States.

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Industry News

Italian Government Overrules Regulatory Authority on Tariffs

LCG, Aug 30. 2002--The Italian government has ordered that a 1.7% increase in electricity tariffs meant to pay for oil price increases be reversed for three months, prompting an employers' lobby, Confindustria, to say that the revision will not keep inflation in check.

The tariffs in question are those on electricity and natural gas, the determination of which normally are decided by an independent electric and gas regulatory authority. The government plans to examine rule-making by the agency.

The tariff freeze would end Nov. 30. According to Confindustria, "liberalization is the way forward to bring the prices down."
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